How does repayment by Direct Debit work?

Connect your Qonto account with one click to make your refunds easier

Christina avatar
Written by Christina
Updated over a week ago

To make your loan repayments easier, connect your Qonto account to Defacto.

When you accept Defacto's offer, you need to select a Qonto account to activate direct debit repayments.

When requesting a loan, you need to select a repayment date.

💡 Please note that

  • The loan duration must be less than 120 days

  • There is a minimum of 3 working days before the repayment date

On this date, Defacto will debit the bank account chosen during account creation the full amount borrowed (excluding interest fees, which will be debited on invoicing).

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